3. Reviving the capital markets: principal constraints
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3.1. Introduction
3.2. Value impairment on PPP bonds
3.3. Portfolio imbalance
3.4. Alternative investments
3.5. Lack of analytical capability
3.6. Structuring difficulties around project control
3.7. Lack of a benchmark
3.8. Lack of a designated pool of capital
3.9. Varying appetite for construction risk
3.10. Currency constraints
3.11. Ratings hurdle